Every business has its challenges, however, sometimes issues become so entrenched that they fly under the radar or seem impossible to correct. That’s when it’s time to move beyond corrective action plans that end up gathering dust on the shelf and into real strategic transformation.
If you want to turn ideas into reality, you need more than just a plan. You need accountability. From getting your leadership team on board to fully aligning your company culture, strategic business transformation provides not just a plan, but an accountability and execution-driven implementation system.
You’ll create a compelling vision for your organization, achieve greater engagement, establish a thriving culture and have the tools to deliver real results.The outcome is an engaged leadership team that embraces the organization’s vision, is fully accountable and knows exactly how to execute.
Here are some key signs that it’s time for strategic business transformation in your organization.
Urgency Is Taking Priority
Are you and your team spending too much, or most of your time and effort, putting out fires? Does focus end up wasted in the whirlwind of urgent and not necessarily on important activities?
Lack of Direction
Does your company have a well-defined strategic direction? Without a guiding vision, your company’s most important priorities will be unclear, and the business will end up being run tactically rather than strategically. Does your team know what the company vision is, and are they all on board?
Are individual objectives taking precedence over organizational ones? Perhaps you’ve got a great team putting in their best efforts, but are they clear on their objectives? Are the organizational objectives clearly defined enough to guide individual decisions?
Are you happy with the culture of your business? Often, as a business grows, the culture of the organization develops organically. However, what worked well in a small office environment doesn’t work when the company expands. Are there changes you want to make but can’t see how to implement them?
Difficulty with Delegation
Are you working too hard and picking up slack that could be delegated elsewhere? Whether you built your business from the ground up, or stepped into an ill-defined leadership role, it’s understandable if delegating tasks is challenging. This is especially true if roles and responsibilities aren’t well defined. Do key staff know their responsibilities? Are there problems with redundancy?
Unfocused Value Proposition
Does your company have a concise and direct value proposition? If an organization isn’t crystal clear on the value it has to offer, no one can effectively communicate it to customers, partners, or any other stakeholders. Can you clearly explain how you are different from and better than your competitors?
Conflicting Chain of Command
Is your decision-making process clearly defined? If not, it’s likely that key decisions are being undermined — sometimes as a byproduct of unresolved conflict between staff, and sometimes out of sheer confusion. Are your staff all on the same page when it comes to key decisions and their outcomes?
Failing to Use Metrics
How does your leadership team make their decisions? Are they tracking operating metrics over time and adjusting based on Key Performance Indicators (KPIs)? Have you determined the appropriate KPIs for your business? Do you have leading and lagging indicators? Are you using annual financial budgets to guide your decision-making?
Does your organization have effective measures in place to keep people accountable in both their daily operations and their long-term goals? Are you ensuring everyone executes on what needs to be done and creating an environment for success?
How Strategic Business Transformation Can Help
We know how often the word “strategy” gets thrown around in business meetings and workshops. And we know how often out-of-sight/out-of-mind strategic plans end up sitting on the shelf. That’s why TAB created a program that focuses on execution and delivers results.
Combining strategy with productivity, StratPro is a business leadership program that will get your organization performing at its maximum potential. Unlike one-off seminars or simple training sessions, the StratPro strategic business transformation system ensures real change through on-going, facilitated workshops in which you and your Strategic Leadership Team develop a vision and then implement it. You’ll have an engaged leadership team that embraces the company vision, is fully accountable, and knows exactly how to execute.
Regardless of the challenges your organization may be facing, StratPro will help you to grow your revenue, earn greater profit, increase the value of your business and achieve greater work/life balance.
Take this quick diagnostic survey to get an assessment of how StratPro can help.